Regulatory Alerts2024-12-19
Updated Guidelines on the Implementation of the Enhanced Comprehensive Credit and Equity Exposures Report (COCREE) of 2023
The Bangko Sentral ng Pilipinas issued updated guidelines for the live implementation of the Enhanced Comprehensive Credit and Equity Exposures Report (COCREE) 2.0, establishing a new reporting schedule for various supervised financial institutions. Pilot testing for December 2024 is suspended due to system maintenance and will resume in January 2025 in a new sandbox environment, with specific eligibility and data submission requirements defined for the testing phase. Penalties for reporting violations are waived during the pilot period and for a three-month grace period after live implementation begins, provided institutions actively participate in the pilot test.
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